neo financial

Unlimited Cash Back on Neo Partner Purchases

Neo Financial Credit Card offers unlimited cashback on partner purchases with an average of 5% instant partner cashback

Key Benefits

No Annual Fee
Interest 19.99%-24.99%
No Over-limit Fee
Monthly Reward Plans
1% Guaranteed Cashback
Instant Cashback


Neo Financial is a new player in a competitive credit cared sector. It is not like other traditional credit cards rather it has competitive rewards that offer a serious alternative.

Neo Financial Credit Card

Instead of annual fees Neo Financial Credit Card has opted for monthly fees. Monthly fees depends on the level of cashback you chooses. It ranges from 4% cashback with no monthly fees to paying $8.99/month for an average of 6% cashback. There are no monthly fees if you decide to stay at the basic rewards level which is already great at 4% cashback, most other credit cards in the market offer around 3% cashback.

You may be thinking that paying monthly fees doesn’t sound like a great deal but remember that other credit card companies charge annual fees. Neo Financial allows you to pay monthly fees and you can choose to change your plan anytime. This means that if after a month you decide that your chosen reward level does not fit your needs then you simply move to a different plan.

There is even 15% welcome cashback offer on first purchases at some partners, so there are opportunities to earn significant cashback.

It has three plans:

Standard: Free rewards plan that offers on average 4% cashback depending on the vendor with a minimum of 1% cashback.

Plus: Plus rewards plan has a monthly fee of $2.99/month and offers on average 5% cashback also with a minimum of 1% cashback.

Ultra: Ultra rewards plan has a monthly fee of $8.99/month and offers on average 6% cashback again with a minimum of 1% cashback.

Mobile App

Just like all other major credit cards, Neo Financial has a mobile app for both Android and iOS users.

App allows you to make payments and even freeze the card if it goes missing. The app will also send notifications on cashback earned for each spend helping you to know exactly how much cashback you have earned.

Retail Partners

Neo Financial has a large list of retailers that offer varying percentage of cashback and the list is growing. 

Here is a list of some of the retailers:

  • Hudson Bay
  • Canadian Tire
  • Petro-Canada
  • Second Cup
  • Zara
  • Gap
  • and many more

Partners are not limited to large retailers. Neo Credit Card has partnerships with local retailers as well. So a local retailer close to you may be a Neo Financial partner.

Income Requirement

While most credit cards with high cashback offers will have minimum income requirements ranging from $80,000 to $100,000, with Neo there is no such requirement. Even those with lower income can now enjoy great cashback offers.

Are there any drawbacks to Neo Credit Card?

A lot of cards these days offer additional benefits such as complimentary insurance on products purchased using their cards, identify theft protection, or roadside assistance, some even offer travel insurance. With Neo there are no such additional benefits. If you must have these additional benefits then this card may not be the best fit for you.

Additionally, you can only earn cashback on first $5,000 at non-partners per month, this means there are some limitations on how much cashback you can earn.

How do I apply for the Neo Credit Card?

Applying for the credit card is easy. You can apply through the mobile app. Simply download the app and follow the steps to apply. Alternatively you can apply direct from the Neo Financial website.


  • Neo Credit Card offers high percentage cashback.
  • No income requirements
  • No annual fee. Optional monthly fees unlock higher cashback with the ability to move to a different plan every month.
  • Option to use cashback earned anytime. 
  • Guaranteed 1% cashback at the end of the month.


Does Neo Financial offer other credit cards?

No, Neo Financial only has one credit card which can be customized to earn higher cashback by paying  monthly fee.

What should be my credit rating for this card?

There is no specific credit score requirement.

What happens if I go over-limit?

There are no over-limit fees.

Is Neo Financial Credit Card compatible with Mobile Wallets?

It works with Apple Pay and Google Pay.

Tangerine Money-Back Credit Card

Key Benefits
No Annual Fee
19.95% APR
Extended Warranty for up to one year

Unlimited Cash Back
Purchase Protection
Annual Income requirement: $12,000